Pork Price Forecast Depends on China Purchases

Weekly Pork Price Summary – Food Service Edition May 28, 2019 Pork production in April was estimated at 2.269 billion pounds, 5.9% higher than a year ago. But as with beef, the biggest reason for the increase in production is the extra slaughter day in April.  When adjusted for the number of slaughter days, pork […]

Pork market volatility spikes as trade talks with China hit a snag

Pork Profit Maximizer – Food Service Edition May 13, 2019 Trade talks and tariff outlook is driving volatility not just in the hog futures market but the wholesale pork market as well. In late March and April, pork buyers had to take one glance at the June and July contracts and calculate the potential price increase […]

Feed grain cost inflation expected to remain muted into next year

Pork Profit Maximizer – Retail Edition April 29, 2019 Feed cost inflation has been extremely limited in the last three years, helping bolster livestock producer margins and one of the key factors behind the surge in US meat protein production. It is still too early to focus on planting progress despite speculation of excessive moisture […]

Weekly Export Numbers Indicate Slowdown in Shipments to Other Markets

Pork Profit Maximizer – Food Service Edition April 29, 2019 After the fireworks in the previous two reports the latest USDA weekly pork export update was much more muted. Bullish traders are constantly looking for more information that US pork supplies will tighten up due to strong exports. This latest update did not contain that. While […]

Market Hogs and Supply Estimates for Spring and Summer

Pork Profit Maximizer – Retail Edition USDA estimated the total number market hogs as of March 1 at 67.948 million head, 2.1% higher than the previous year. Analysts polled ahead of the report on average also expected the number of market hogs to be 2.1% higher than the previous year. But while the increase in […]

Slaughter Implications of the March USDA Hogs and Pigs Report

Pork Profit Maximizer – Food Service Edition Lean hog futures have pulled back in the last two trading sessions as the market consolidates after the torrid rally of the last two weeks. Additionally, participants are paying close attention to reports of US exports and export sales to China, with no new bullish news reported recently. […]

Buyers Look To Get Ahead of the Market

Pork Profit Maximizer – Foodservice Edition March 4, 2019 There is little question that the current pork market offers plenty of opportunities to promote pork in Q2. The three charts in the previous page illustrate the seasonal trend for the price of butts, ribs and pork trim in May, June, and July. Buyers that recognize […]

Lower Pork Prices Offer Opportunities for Retailers Headed Into Spring

Pork Profit Maximizer – Retail Edition March 4, 2019 The pork cutout last week was as low as $59.6/cwt, 23% lower than a year ago and the lowest cutout value since the fall of 2009. There is not one single reason for the sharp value erosion in the pork complex. Pork supplies have increased, something […]